Farmers & Merchants Trust Co of Chambersburg PA Purchases 1,405 Shares of Oracle Corporation (NYSE:ORCL)

Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 17,890 shares of the enterprise software provider's stock after acquiring an additional 1,405 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA's holdings in Oracle were worth $2,501,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter valued at about $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter worth about $33,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter valued at approximately $28,000. Synergy Investment Management LLC acquired a new stake in Oracle in the 4th quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle in the 4th quarter worth approximately $36,000. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

NYSE:ORCL traded up $8.74 on Monday, reaching $218.98. The stock had a trading volume of 31,823,670 shares, compared to its average volume of 9,973,657. The company has a market capitalization of $615.08 billion, a P/E ratio of 50.46, a price-to-earnings-growth ratio of 3.15 and a beta of 1.32. The stock has a fifty day moving average price of $168.42 and a 200-day moving average price of $162.15. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $227.61.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the business earned $1.63 EPS. Oracle's revenue was up 11.3% compared to the same quarter last year. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $250.00 in a report on Monday. Guggenheim raised their price target on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Stephens started coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $200.26.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by corporate insiders.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.